May 28, 2022

SB-Accounting

Accounting + Finance Blog

SIX REASONS YOU SHOULD INVEST IN REAL ESTATE

Shares
SIX REASONS YOU SHOULD INVEST IN REAL ESTATE



Thinking of investing, why not go for real estate. You may say real estate does not provide immediate return on investment, however it is worth the while.

There are enormous benefits for investing in real estate. If you consider them, you may have rethink. Let me take you through six reasons why you should invest your hard-earned money on it?

1. Capital Appreciation:
The number one point that always come to my heart whenever I discussed with my friends on this issue is capital appreciation which results to capital gains.

It is true that other forms of investments provides you capital gains, but investing on real estate provides you with more than you can ever imagine.

If you buy a land or building now, in the next one or two years, the value would has increased. Selling it will give you a minimum of 15% capital gains.

READ ON  HOW TO REDUCE TRANSPORTATION COST

Also, the value of real estate never falls, it continues to appreciate year-on-year.

2. Easy To Research
It is easy to research on real estates. With just a browser and an internet connection, you can get all you needed to research on real estates. You do not need a professional to know about real estate.

3. It is easy to start investing on real estate.
Most persons that are investing on real estate now do not really plan to do so. After buying or building their own house, they discovered the current value of their home has increased. This motivated them to continue investing on it.

Also, there are little or no protocol to start investing on real estates.

4. Less Risky:
There are little or no risk in investing on real estate. Unless you buy the house in disaster prone area.

READ ON  SURE WAYS YOU CAN SAVE MONEY WHILE DINING IN A RESTUARANT

5. Sourcing for Finance is Easy?
Getting fund to build a house is very easy. Mortgage banks are ever ready to provide you with loans needed for you to. build a home. As long as you have a monthly source of income.

There are private mortgage companies that will provide you with a mortgage loan. In the United States one popular private mortgage loan provider is vamortgagecenter.com. Well, I do not know about them, but I saw it online while researching on this topic. So, I will not be responsible if you choose them.

6. Tax Reduction
Taking up a mortgage loan to build your own home can reduce the amount you will pay as tax. Interest on mortgage loan is a statutory deduction in Nigeria. I believe same for other countries.

Furthermore, the tax you will pay for income from real estate known as withholding tax, in this part of the world, is deducted from tax payable. This will thereby reduced the amount you will pay as tax.

READ ON  Valentine! Jumia To Sell It Products For 5K
Copyright 2020 @ Myfinancein

Shares